Kyrgyzstan has launched a national stablecoin in partnership with Binance.
Takeaway Points
- Kyrgyzstan is advancing its national cryptocurrency strategy by launching a new stablecoin.
- The central bank digital currency (CBDC) will be used for government-related payments.
- The country partnered with Binance Academy for 10 universities.
Kyrgyzstan National Stablecoin
Binance co-founder and former CEO Changpeng Zhao (CZ) on Saturday in a post on X said that Kyrgyzstan has launched its national stablecoin on BNB Chain and is preparing for a public rollout of a central bank digital currency that will be used for government-related payments, etc.
The country has established a national cryptocurrency reserve that includes BNB and launched law enforcement training to enhance the skills and knowledge of its personnel, he added.
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CZ said, “Updates from Kyrgyzstan
– The National Stablecoin launched, on @BNBChain.
– The CBDC is ready for rollout. Yes, both. CBDC will be used for gov related payments, etc
– The National Cryptocurrency Reserve set up, #BNB included
– LE training
– Binance Academy with 10 top Universities
– Binance App fully localized in Kyrgyz
– Binance Meetup in Bishkek with more than 1000 participants
Also proud to have brought @ethsign to work with Kyrgyzstan. They did a good job!
@yzilabs is a minority investor. We like to provide real strategic value in addition to just investing in money.”
Other Announcements
Based on the report, the country has signed on Binance Academy to partner with 10 universities, and Binance has also localized its app in Kyrgyz and hosted a meetup in the capital, Bishkek, with more than 1,000 participants.
Sign, a technology company building global token distribution and credential verification, is also working with the Kyrgyz government on smart contract infrastructure.
The company in a post on X tweeted that it “Spotted: Sign CEO Xin at the National Council on Blockchain and Cryptocurrencies in the Kyrgyz Republic. Signing the first step toward building the Sovereign Infrastructure of Global Nations (S.I.G.N.)
YZilabs, in a post, thanked the US president, President Trump, for his leadership & support for the industry and CZ.
“The war on crypto is over.” — @WhiteHouse
Thanks President Trump @POTUS for his leadership & support for the industry
With @cz_binance building the future, YZi Labs will keep backing founders in Web3, AI & Biotech who create real impact.
The work ahead defines the decade.”
The launch of Kyrgyzstan’s national stablecoin marks an important step in the country’s efforts to modernize its financial system and embrace digital innovation.
